The Glossary
A |
B
|
C |
D
|
E |
F
|
G |
H |
I
|
J |
K
|
L |
M
|
N |
O |
P |
Q
|
R |
S
|
T |
U |
V |
W
|
X |
Y
|
Z
The
Letter O
This
section provides information on terms and phrases beginning with
the letter O
At the grabber we know finance is full of
confusing terms and phrases, and so on this page we explain:
Online |
Overpayments
Online means connected to the Internet.
Online finance refers to doing business or arranging finance on the
Internet.
Online is a term also used when a web site is in working order
and can be accessed and used. Offline is the term used when a
web site is undergoing maintenance or a problem is being fixed.
The act of doing business or arranging financial products online
can also be called e-commerce.
When surfing online for finance quotes, visitors are encouraged
to compare the products available on a site to find one that
suits both the requirements and the budget. When a product has
been selected off one provider, you should then
proceed to check the competitors sites to compare alike
products. It is alright to apply for quotes off multiple sites
since you are under no obligation to accept.
Different finance providers place differing emphasis on
particular criteria when compiling a finance quote, and for this
reason alone customers are strongly advised to obtain quotes
from several online companies and sites.
The more quotes received will increase the customers chances of
getting lower finance quotes.
If visitors are after quotes for finance they may be interested
in our
application forms.
Overpayments is simply put, paying more than is required.
Overpayments is when the customer is able to pay more than the
normal payment charge, as with credit cards, or more than the
required monthly repayment, as with a flexible mortgage. This
means that customers could pay off their mortgage earlier saving
on interest charges, or pay the debt on their credit cards
earlier reducing interest. Some if not most lenders will require
that an overpayment is made before an underpayment or a payment
holiday would be acceptable. How ever it is worth noting that
some financial products have penalties for early repayment or
settlement.
Got a piece of jargon you want explaining, it's time to let The Grabber loose.
Associated Pages
online
remortgage
|
